increases do not reduce the deficit because every dollar of tax increase leads to, of $1.17 in additional spending but spending more money to people who will waste it only encourages them. we are not sending any more and. >> most economists agree you need a comprehensive mixed of cuts and increases. liz: i am done with the economist. we tried that and look where we are. we have a huge entitlement problem. >> also in the uk we have that. liz: britain is not the size of the united states. we have different issues. >> yes but we have to much austerity you do not want to go our direction. liz: you have been terrific. have a terrific weekend. thank you for watching. lou: good evening, everybody. a federal appellate court ruling that president obama violated the constitution more than a year ago when he made three recess appointments to the national labor relations board. this week began with the administration's all-out assault on the second amendment and our right to own guns and concludes with this federal court ruling that the administration acted against the constitution and in so doing th